IRS Announces ACA Penalties for 2025 Under Code §4980H (a) and (b)
February 2024
On February 12, 2024, the IRS released Rev. Proc. 2024-14 to provide the adjusted excise tax amounts under the Af...
Nondiscrimination Rules – Options for Highly Compensated Individuals (HCIs)
February 2024
Benefit nondiscrimination rules restrict the extent to which employers may favor highly compensated indi...
Reminder - Medicare Part D Creditable Coverage Reporting Requirement to CMS is Due By March 1, 2024 for Calendar Year Plans
In addition to the disclosure requirements to individuals, plan sponsors ...
Updates to IRS FAQs about the Premium Tax Credit
February 9, 2024
FS-2024-04
This month, the IRS updated their Frequently Asked Questions document with more information about the Premium Tax...
Updated - Department of Labor Releases a Revised Children's Health Insurance Program Model Notice
The Department of Labor (DOL), through its Employee Benefits Security Administration (EBSA), has re...
2024 Federal Poverty Levels (FPL) Guidelines
The Department of Health and Human Services (HHS) released the 2024 federal poverty guidelines.
For purposes of calculating affordability under §4980...
Most Common ACA 1094/1095 Errors - Employer Reporting Tip
February 1, 2024
Question
What are the most common employer reporting errors?
Answer
As experts assist with Letter 226J appeals...
Events Permitting Election Changes Mid-Plan Year
The Plan may be drafted to permit an individual to change an election mid-year based on a permitted event. Alternatively, a plan sponsor may design ...
Amwins Connect – February 2024 Question of the Month
Question
How does an ALE (Applicable Large Employer) pick an affordability safe harbor?
Answer
If an ALE's offer of minimum value ...
ACA Employer Mandate Reporting - Employer Reporting Tip
Q: If related entities that are applicable large employers (50 or more FTEs) share benefit plans, do they report together?
A: No. Offer of...
ACA Employer Reporting Summary
January 2024
Certain employers, plan sponsors, and insurers are required to report health plan information and participant coverage data to the IRS each year. The ...
FAQs on Contraceptive Coverage
Most non-grandfathered group health plans are required to provide coverage with no cost-sharing for preventive coverage, including contraceptives. Despite these requi...